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Although credit card delinquency rates still hover near record lows, more consumers are starting to fall behind on their payments.

The national credit card delinquency rate (the ratio of borrowers 90 or more days past due) rose 0.71% in the third quarter, the first time since the fourth quarter of 2009, according to credit monitoring agency TransUnion. Average credit card debt per borrower rose $63 in the quarter, to $4,762.

While the delinquency rate remains the second-lowest it has been in the past 16 years, the third quarter increase suggests that more high-risk consumers are opening credit cards, "as lenders have been gradually shifting their focus to the sub-prime market," Ezra Becker, vice president of research and consulting in TransUnion's financial services business, said in a statement.

The good news is that the spike in the delinquency rate suggests that consumers who've been hit hardest by the tough economy are now gaining more access to credit, Becker said.

However, a persistently bleak labor market could push credit card delinquency rates up further nationwide.

"As the mean duration of unemployment in the country keeps growing, consumers are running out of financial options," Becker said. "At some point, if the underlying economic environment does not improve, this could be reflected in higher national and regional delinquency rates."

People should know this involving "Unsecured" Debts like Credit, Loan, or Finance "Account Balances"concerning the "21st Century Act: Final Amendments to Regulation CC"Rules and Regulations for the Federal Reserve (Banking) System

Found @: http://www.federalreserve.gov/boarddocs/press/bcreg/2004/20040726/attachment.pdf

Only "Non-bank Consumers" can suffer loss and File for Re-credit, Re-claims, and Expedited Re-claims under these Rules and any Corporation, Organization, or Representative utilizing Bank Contracts and/or Agreements seeking Claims will be considered to be that Bank under the Rules also, as stated on page 85. The "Expanded Definition" also includes Credit Cards and Home Equity Lines of Credit, as stated on page 86.

This means that Creditors such as: Banks, Debt Collection Companies, and their Law Firms have no "Legal Right" to claim debts due in a Court of Law.

Accusations should be made of "Racketeering" of your Personal Credit Report based upon: (1) A "False Claim of Debts due" and(2) The "diminishing of your Detrimental Financial Ability to support yourself".

"Extortion" accusations can also be claimed for the second reason.

Accusations of: "Telephone Harassment" and "Federal Mail Fraud" should also be brought if your are receiving Calls and Mail from Creditors and/or their Law Firms.

The biggest and best accusation is "Threatening of the U.S. Financial Infrastructure" based upon "Continued Loss of Revenue and Financing due to Violation of the 21st Century Act", which is a "Capital Crime"!

All this is due to the fact that Banks do not own the Accounts or the Money Non-bank Consumers utilize in the Credit, Loan, and Finance Process, it is owned Privately Worldwide by the World Fortune, with "Court Ruled Legal Precedent".

Once stated in Court, the Judge, bound by the 21st Century Act, which was signed into "Federal Law" on January 1, 2006 should "Award the Judgment to the Defendant" and "Dismiss with Prejudice".

The Judge should also "Enter the Judgment in Favor of the Plaintiff", but don't be alarmed this is only because the Plaintiff or Attorney for Plaintiff filled-out and filed the "Affidavit to Secure Judgment" which is the "Application for Trial". I have used this Precedent 4 times.

The Banks disregard for these Rules and Regulations are a "Major Part" of the problems our World is suffering from Economically and this is a great way to force them to comply because the White House and it's Cabinet have not even tried to force "Compliance", but they will Cut your Financial Aid Programs and Spend your Social Security Funds to pay the Nations Debts!

Here is a "Baltimore Sun" News Story about a the Chief Judge of the Maryland District Court "Dismissing" nearly 40,000 Debt Collection Cases after a Class Action Lawsuit proved the Debt Collection Company had no Licenses to Collect Debts in Maryland. The Law Firm representing the Debt Collection Company, Mann Bracken, LLP. was "Completely Dissolved" (Shutdown).

For the love of God - Thanks to "Mr Hope and Change", the American People Do Not Have as he spelled out ------------ J - O - B - S -! How can they pay back their - Credit -Card - Loans - When The Government Has Done Everything It Could, To Allow American Big Businesses , To Take Jobs Out Of This Country! The Credit Card Companies, Should Get Their Pound Of Flesh From All Former Presidents & All Members Of Congress. These Are The Multi-millionaires, Who Have All The Money! In so far as the American People Are Concerned - You Can't Get - BLOOD - From - A - STONE & Remember Mr Wonderful & His Government Have Called This The "NEW - NORMAL" !.

The increase in the credit card delinquencies should not come as a surprise. Five of the six largest U.S. issuers registered an increase for the same month (Citi being the only exception). The data from the next couple of months will tell us whether or not the delinquencies have bottomed out, but all indications are that they may have.

Even as the delinquencies have flattened, however, the total amount of credit card debt in the U.S. keeps falling. It is now at $790.1 billion, within the margin of error of the $789.8 billion mark reached in April, which was the lowest one in almost seven years. Moreover, the monthly payment rate on credit cards is now at 21.14 percent of the outstanding balances – 30% above the historical average of 16.3%.

So Americans are still very cautious with their credit cards and this is sure to continue to be the case for as long as the unemployment rate is in the stratosphere. http://blog.unibulmerchantservices.com/u-s-credit-card-delinquencies-up-but-still-near-record-lows